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20121201
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at the start of the trading day is a daily ritual at the new york stock exchange, despite the enthusiasm, traders are keeping an anxious eye on share prices. the fiscal cliff is on everyone's mind. u.s. treasury secretary timothy geithner has warned that his department will need to take extraordinary measures to postpone the upcoming government defaults. he plans adjustments to the national budget that would give the u.s. two months of grace. president barack obama has said he is still hopeful that a resolution can be reached this year. he cut short his vacation in hawaii to restart negotiations with republicans in congress. before christmas, the president called for bipartisan cooperation. >> now is not the time for more self-inflicted wounds, certainly not those coming from washington. >> analysts say failure to reach a deal with poison u.s. consumer spending. the fiscal cliff would trigger tax increases and government spending cuts in january, leaving far less money in the economy. the international monetary fund warrants of knock on effects for the global economy. -- warns of knock o
the organization's new york office. he said the number of people needing help has tripled orr the last six months. >> they have serious problems in terms of having access to food. their food is not available in the market. even if it is available, it is extremely expensive. the prices have increased. >> he says more and more syrians will need food aid. he's calling for more help from international donors. >>> people in leading japanese firms are counting the number of orders they are receiving and looking at books and feeling discouraging. we have the latest findings of the survey of business and sentiment. break down the numbers for you. >> analysts estimates were in the negative. even so the actual figure we're seeing is on the weaker side of those estimates. major manufacturers in japan say business sentiment is getting worse. that's according to the latest quarterly report by the country's central bank. the bank of japan released on friday it's quarterly survey of short-term business confidence. nearly 11,000 companies up were covered by the poll. the headline index stood at minus 12, down 9
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